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- Hotel / Leisure
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- 18 Oct 2016
MOTEL FOR SALE- ENTRY LEVEL PROPERTY
Description: Entry level property. Busy Newell Highway location. Excellent inspection. Suit couple. Goldmine location. Room to expand property. Very tidy inspection.
AAA Rating: 3 star
Construction: Besser block with Colorbond and clip-lock roof, concrete slab foundations and besser block room partitions. Medium size rooms. Very good standard of appointments. New flat-screen televisions. Excellent paintwork.
Residence: 3 bedroom, 1 with built-in, lounge/dining, bathroom, share kitchen, possible private yard and garage. Suit small family. Would do up well (needs TLC). Joins reception.
Age: Built 1975 - 1997 approx.
Clientele: Mining trade, local workers, passing trade, tourists.
Land Area: 1 acre (4,000sqm) approx.
Tariffs: Single $72 - $82; Double $80 - $90; Family (4) $105 - $115; Extra person $15.
Chain Affiliation: Yes
Laundry: Full commercial equipment. All linen done onsite.
Restaurant: No - close to local club.
Services: Room services, BBQm microwaves, in-ground pool, guest laundry, fire rated, split air-conditioning, new flat-screen televisions.
Turnover: 14/15 $141,935 - 13/14 $198,244 - 12/13 $189,619 - 11/12 $137,613 - 10/11 $151,070
Occupancy: 45% - 55% approx.
Comment: Budget chain motel. Room to expand with highway frontage. Very tidy inspection. Great potential to grow this business.
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1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information